Another bad day on Wall Street

Posted by Nicole

Looks like there was another run on selling stocks, since the Dow Jones dropped like a lead balloon again today, down 514 points. I anticipate it go to up a few hundred points again by the end of the week, when the opposite happens and people buy up bargains. But how long is this see-saw going to last? Every day, it’s like watching to see if a disaster happens. But Tim Middleton in this MSN article advises that investors should “sit tight,” something that would bring some stability to this volatile stock market.

Meanwhile, mortgage rates, which jumped a half-point to 6.45% last week, look to be settling back down this week to 6.05%. Decisions, decisions!